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Holder in due course
Holder in due course The holder of a negotiable instrument (check or note) purchased for value when the instrument appears complete and regular on its face.
RELATED TERMS--------------------------------------
Instrument
A written legal document created to secure the rights of the parties participating in the agreement.
Value
The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
SIMILAR TERMS--------------------------------------
Hold period
The length of time for which you keep a mortgage before repaying it or remortgaging.
Hold-harmless clause
A contract provision whereby one party agrees to indemnify and protect the other party from any injuries or lawsuits arising out of the particular transaction.
Holdbacks
A portion of a loan commitment that is not funded until an additional requirement is met, such as completion of construction
Holding period
The length of time an investor expects to own a property from purchase to sale
Holdover tenancy
A tenancy whereby a lessee retains possession of leased property after the lease has expired and the landlord, by continuing to accept rent, agrees to the tenant's continued occupancy as defined by state law.
Holdover Tenant
A tenant who remains in possession of leased property after the lease term expiration.
PREVIOUS AND NEXT TERMS--------------------------------------
Hip roof
A pitched roof with sloping sides.
Historic preservation
A movement to protect buildings with historic value from destruction or extensive renovation.
Historic structure
A building listed in the National Register of Historic Places and certified as historic by the U.S. Secretary of the Interior.
Hold period
The length of time for which you keep a mortgage before repaying it or remortgaging.
Holdbacks
A portion of a loan commitment that is not funded until an additional requirement is met, such as completion of construction
Holder in due course
Hold-harmless clause
A contract provision whereby one party agrees to indemnify and protect the other party from any injuries or lawsuits arising out of the particular transaction.
Holding period
The length of time an investor expects to own a property from purchase to sale
Holdover tenancy
A tenancy whereby a lessee retains possession of leased property after the lease has expired and the landlord, by continuing to accept rent, agrees to the tenant's continued occupancy as defined by state law.
Holdover Tenant
A tenant who remains in possession of leased property after the lease term expiration.
Holiday home
A larger deposit may be asked for a mortgage on a holiday home. The interest rates charged may also be higher than normal.
This dictionary contains 6433 terms. |
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